
#51: Diego Parrilla On The Three Levels Of The Investment Game
Superinvestors and the Art of Worldly Wisdom
Can You Make Money in Nominal Terms?
If investing was a villy game, it would have three levels. Level one is can you make money in nominal terms? And level two is where we are now ad where things are changing dramantically. It'sa level where you need to make money in real terms. This is not just thiss about, can you protect your purchase power? Your hundred dollars might be worth a hundred and one, but inflation at five or seven or ten % means that you're actually losing in for whatever,. Seven, nine, ten %, in inreal purchase power. So who loses in level two? Obviously anything that is short inflation, o cash, fixed incomeandn credit in particular. We
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